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Siemens CEO Joe Kaeser (left) and Airbus CEO Tom Enders (right) have signed a cooperation agreement near Munich/Germany on April 7. The agreement lays out the goal of demonstrating the technical feasibility of different kinds of hybrid-electric propulsion systems by the year 2020. The cooperation is also being supported by the German politics: Brigitte Zypries, Parliamentary State Secretary at the Federal Ministry for Economic Affairs and Energy, where she coordinates Germany's aviation and space policies and Ilse Aigner, Deputy Minister-President of Bavaria and Bavarian Minister of Economic Affairs.
Reference Number: IM2016040605COEN
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